Nigeria, Oct. 2 -- Stanbic IBTC Holdings Plc has named Chukwuma Nwokocha as its substantive group chief executive, effective 2 October, after receiving all required regulatory approvals.

The company disclosed this in a Thursday notice signed by company secretary Chidi Okezie.

Mr Nwokocha's appointment follows the end of Adekunle Adedeji's tenure as acting chief executive.

Mr Adedeji will continue in his position as executive director and chief finance and value management officer of the company.

Announcing the decision, Chairperson Sola David-Borha said the board was delighted with the appointment, noting Mr Nwokocha's "strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagem...